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#1909863 - 03/29/14 04:03 PM Crystal Ball
Andy_Z Offline
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HMDA CHange - not this year.

http://www.ababj.com/compliance/mortgage/item/4506-cfpb-sends-gets-messages-at-aba-summit

CFPBs Kathleen Ryan who is deputy assistant director for the bureaus Office of Regulations, told bankers the agency came to a point last fall where we put the pen down.

Home Mortgage Disclosure Act revisions remain a work in progress. No final rule on HMDA is coming this year, said Ryan, so dont worry.

Data-gathering rules for small business lending along the lines of HMDA were mandated by the Dodd-Frank Act and tasked to the bureau. Ryan said that those rules are sometime off. The bureau wants to get some experience with the expanded reporting under HMDA before moving ahead with the business rules.
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#1909866 - 03/30/14 10:42 AM Re: Crystal Ball Andy_Z
Kathleen O. Blanchard Offline

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Good info. Thanks
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